News
Dock workers in Hong Kong end strike
A 40-day strike in Hong Kong has ended with dock workers agreeing a pay increase of 9.8%.
Eruption from volcano in the Philippines kills five
Five climbers on the Mayon volcano are feared dead and seven are injured after rocks and ash exploded from the mountain in a sudden eruption.
UN warns on climate change after warm 2012
The World Meteorological Organization, a United Nations agency, has said that 2012 joined the ten previous years as one of the warmest - at ninth place - on record despite the cooling influence of La Niña.
Axa Q1 revenues grow 3%
Axa revenues grew 3% to €28.9bn ($37.8bn) in the first quarter of 2013.
Plexus Law to merge with Greenwoods
Defendant insurance firms Plexus Law and Greenwoods are expected to merge in a deal to be completed in mid-May.
New India Assurance warns over government Iran oil cover
The government owned insurer has warned that an energy insurance pool to cover oil imported from Iran might not be sufficient.
Indonesia's economy grows 6% in Q1
Indonesia, the largest economy in South East Asia grew at 6% in the first quarter of 2013.
Bangladesh building collapse death toll rises above 600
More than 620 dead bodies have been recovered after the horrific building collapse in Dhaka, Bangladesh.
Information needs drive better claims management, says DCS Global MD
The need for more sophisticated management information is putting claims management at the forefront on insurance business, according to Jon Sitwell, managing director of Asia Pacific at DCS Global.
Fire cuts exposing insurers warns IFIC
The insurance industry is being exposed by cuts to the UK’s fire and rescue services according to IFIC Forensics.
Portuguese state bank to shed insurance arm
The insurance arm of state-owned Portuguese bank Caixa Geral de Depositos is to be privatised by the end of the year. P
Insurers could be hamstrung by France's new consumer law
A new consumer protection law is set to give French insureds greater flexibility over policy cancellation.
Bluefin acquires Bonsure Insurance Brokers
Bluefin Insurance Group has today completed the acquisition of Bonsure Insurance Brokers.
DLG boss expects reforms to prompt limited benefit in tough market
Direct Line Group chief executive Paul Geddes has vowed to adopt a conservative outlook on legal reform within the motor market and has suggested financial gains will be enjoyed by consumers as opposed to insurers.
Mapfre's Q1 revenue boosted by international business
Spain’s Mapfre increased its first quarter revenues by 1.6% to reach €6,942m, driven mainly by the international business.
AIG targets London market as it reveals its 2012 results
AIG UK is past its crisis and ready to hit the London market hard, according to its UK managing director Nicolas Aubert.
Hiscox pairs with Abbeyfields in wedding cars scheme
Hiscox and broker Abbeyfields have come together to launch a new niche cover for wedding car hire.
General Legal Protection steps into lettings market
General Legal Protection has launched a landlord rent guarantee insurance product designed for the letting agent market.
LV’s ABC home launches on Kwik-Fit panel
LV Broker has launched its ABC home product on the Kwik-Fit insurance panel.
Aviva undertakes overhaul of external legal panels
Aviva is inviting law firms to pitch for a place on its global and UK panels as part of an overhaul of the insurer’s external legal advice set-up.
Competitive motor market sees GWP at DLG slide 4.5%
Tough market conditions have been identified as the root cause behind a 4.5% slump in the Direct Line Group’s gross written premium for ongoing operations in the first quarter of 2013.
Crawford training investment sees 47 staff win Cila and CII certificates
Almost 50 staff at Crawford’s UK operation have completed professional certification with the Chartered Institute of Loss Adjusting and the Chartered Institute of Insurance, 18 months after the loss adjuster boosted spending on training.
Hong Kong's regulator comments on RBC timetable
As Hong Kong's insurance industry prepares for a risk-based capital regime, Insurance Insight asks Annie Choi, Commissioner of Insurance at the Office of the Commissioner of Insurance Hong Kong, about the implementation timetable.
Euler Hermes signs trade credit insurance agreement with HSBC
Euler Hermes is to become the exclusive supplier of trade credit insurance to HSBC's commercial banking customers.